Qilian International Holding Group (Qilian International Holding Group) Total Inventories : $4.99 Mil (As of Sep. 2023)

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What is Qilian International Holding Group Total Inventories?

Qilian International Holding Group's total inventories for the quarter that ended in Sep. 2023 was $4.99 Mil. Qilian International Holding Group's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was $7.94 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Qilian International Holding Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $0.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qilian International Holding Group's Days Inventory for the six months ended in Sep. 2023 was 81.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Qilian International Holding Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.25.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Qilian International Holding Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.46.

Qilian International Holding Group Total Inventories Historical Data

The historical data trend for Qilian International Holding Group's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Qilian International Holding Group Total Inventories Chart

Qilian International Holding Group Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Inventories

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12.52

11.99

12.50

8.88

4.99

Qilian International Holding Group Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial								12.50	13.37	8.88	10.90	4.99

Qilian International Holding Group Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Qilian International Holding Group (NAS:QLI) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Qilian International Holding Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(22.419	+	0.75 * 1.976	+	0.5 * 4.991	-	6.907
-	0	-	1.559)	/	35.75
=	0.50

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Qilian International Holding Group's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	7.9435	/	17.851	*	365 / 2
	=	81.21

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Qilian International Holding Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	17.851	/	7.9435
	=	2.25

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Qilian International Holding Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	7.9435	/	17.308
	=	0.46

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Qilian International Holding Group Total Inventories Related Terms

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Qilian International Holding Group (Qilian International Holding Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Qilian International Holding Group Ltd (NAS:QLI) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

Jiuquan Economic and Technological Development Zone, Gansu Province, Jiuquan, CHN, 735000

Website

http://ir.qlsyy.net

Qilian International Holding Group Ltd is a pharmaceutical and chemical company. The company is engaged in the development, manufacture, marketing, and sale of licorice products, oxytetracycline products, traditional Chinese medicine derivatives products, heparin products, sausage casings, and fertilizers. It operates through three segments namely, Oxytetracycline and Licorice products and TCMD; Fertilizer; and Heparin products and Sausage casing. Oxytetracycline and Licorice products and TCMD segment generates majority of the revenue.